Reported 17 days ago
Rivian's third-quarter revenue fell short of expectations, reaching $874 million compared to the anticipated $980 million, while the company's losses widened due to supply chain disruptions. Despite projecting a larger annual loss, Rivian remains optimistic about achieving a 'modest gross profit' in Q4 and has maintained its delivery outlook, forecasting between 50,500 and 52,000 vehicles for the year.
Source: YAHOO